The resources needed to satisfy all the want of human being are said not to be enough compared to all the want of humans we have many want we would like to satisfy at any given point in time which we may not be able to meet up with due to economic problems scales of preference simple is setting our needs inorder of priority.
The order of priority will depend on the position of different people, if you ask me about this priority, then the definite answer is meeting enough needs, paying for children's education, investing according to ability and having a little savings for urgent needs. That's why I would say there is a lot of difference when it comes to managing needs and ultimately spending money as a form of planning rather than fulfilling a lifestyle. A simple preference scale is to arrange our needs in order of priority, but everyone's priorities will be different and never the same in terms of arranging needs.
If people know the level of priority needed, then that person must have a pattern in managing finances and most people are stuck with an excessive lifestyle that doesn't adjust to abilities, that's why financial chaos is getting more complicated and difficult to control.